CrowdStrike (NASDAQ:CRWD) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 118.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,769 shares of the company's stock after acquiring an additional 2,583 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in CrowdStrike were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $1,111,542,000. GAMMA Investing LLC grew its holdings in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC raised its position in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Raymond James Financial Inc. bought a new stake in CrowdStrike in the fourth quarter worth about $237,375,000. Finally, Voya Investment Management LLC boosted its position in shares of CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 2.0%

NASDAQ CRWD traded down $9.63 during trading on Friday, hitting $475.53. The company's stock had a trading volume of 2,118,887 shares, compared to its average volume of 4,997,369. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $493.20. The company has a market cap of $118.53 billion, a PE ratio of -689.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The business's 50 day simple moving average is $438.65 and its 200-day simple moving average is $395.73.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total transaction of $4,825,000.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company's stock, valued at approximately $8,828,302.50. This trade represents a 35.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 201,748 shares of company stock worth $89,478,971 in the last 90 days. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Susquehanna increased their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Scotiabank upped their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.